Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Jefferies Financial Group cut their Q4 2019 earnings per share (EPS) estimates for shares of Bed Bath & Beyond in a report issued on Thursday, January 10th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the retailer will post earnings of $1.15 per share for the quarter, down from their prior estimate of $1.16.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Bed Bath & Beyond from a “strong sell” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, November 27th. BidaskClub upgraded shares of Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Wedbush set a $18.00 target price on shares of Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, September 13th. Credit Suisse Group dropped their target price on shares of Bed Bath & Beyond from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Finally, Deutsche Bank set a $14.00 price objective on shares of Bed Bath & Beyond and gave the company a “hold” rating in a research report on Thursday, September 27th. Ten investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.07.

BBBY opened at $14.29 on Friday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 6.08 and a beta of 0.90. Bed Bath & Beyond has a 1-year low of $10.46 and a 1-year high of $24.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 0.60.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings data on Wednesday, January 9th. The retailer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Bed Bath & Beyond had a net margin of 2.50% and a return on equity of 11.08%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Bed Bath & Beyond by 28.0% in the 2nd quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock valued at $317,003,000 after buying an additional 3,478,265 shares in the last quarter. FMR LLC raised its position in Bed Bath & Beyond by 4.2% during the 3rd quarter. FMR LLC now owns 14,451,051 shares of the retailer’s stock worth $216,766,000 after buying an additional 582,329 shares during the last quarter. Vanguard Group Inc. raised its position in Bed Bath & Beyond by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,346,235 shares of the retailer’s stock worth $185,193,000 after buying an additional 138,648 shares during the last quarter. Vanguard Group Inc raised its position in Bed Bath & Beyond by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 12,346,235 shares of the retailer’s stock worth $185,193,000 after buying an additional 138,648 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Bed Bath & Beyond by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,941,842 shares of the retailer’s stock valued at $149,127,000 after purchasing an additional 278,489 shares in the last quarter. Institutional investors own 97.45% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 15th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Thursday, March 14th. Bed Bath & Beyond’s dividend payout ratio is presently 20.51%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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